Common use of Powers Exercisable by Extraordinary Resolution Clause in Contracts

Powers Exercisable by Extraordinary Resolution. The following powers shall only be exercisable by Extraordinary Resolution passed by the Partners: (a) dissolving the Partnership, except as otherwise provided for under Section 11.1; (b) removing the General Partner and electing a general partner as provided in Section 7.11(b); (c) waiving any default on the part of the General Partner on such terms as the Limited Partners may determine; (d) amending, modifying, altering or repealing any Extraordinary Resolution previously passed by the Limited Partners; (e) amending this Agreement pursuant to Section 12.1 in accordance with the provisions thereof; (f) entering into transactions out of the ordinary course of business; (g) requiring the General Partner on behalf of the Partnership to enforce any obligation or covenant on the part of any Limited Partner; and (h) electing the chairman of a meeting of Partners as provided in Section 9.12.

Powers Exercisable by Extraordinary Resolution. The following powers shall only be exercisable by Extraordinary Resolution passed by the Limited Partners: (a) dissolving the Partnership, except as otherwise provided for under Section 11.1Sections 11.1(b), (c) and (d); (b) removing the General Partner and electing a new general partner as provided in Section 7.11(bfor under Sections 7.15(a)(ii) and (b); (c) the sale, exchange or other disposition of all or substantially all of the property of the Partnership in a single transaction or a series of related transactions; (d) waiving any default on the part of the General Partner on such terms as the Limited Partners may determine; (de) amending, modifying, altering or repealing any Extraordinary Resolution previously passed by the Limited Partners; (ef) amending this Agreement pursuant to Section 12.1 in accordance with the provisions thereof; (f) entering into transactions out of the ordinary course of business12.1; (g) requiring the General Partner on behalf of the Partnership to enforce any obligation or covenant on the part of any Limited Partner; and (h) electing the chairman of a meeting of Limited Partners as provided in Section 9.12.